Operational capital sources of VEPF

Legal capital and additional funding from the State budget:

• Legal capital of VEPF is VND 500 (five hundreds) billions which are funded by the State budget.

• The State Bank of Vietnam shall provide annual additional funds from the source of expenses for environmental operations to cover funding expenses for the environmental protection objectives and projects with a view to ensure VEPF's operating capital from the budget which is frequently maintained at VND 500 (five hundres) billions .

• Modification of legal capital of VEPF shall be determined by the Prime Minister at the proposal of the Minister of MONRE and Minister of Financing Ministry.

Annual additional operation capital from other sources:

• Apart from legal capital and annual additional budget provided sources of capital from expenses of environmental operations, VEPF also receives the annual additional operation sources of capital including:

• Environmental protection fees for wastewater, exhaust gas, solid waste, mineral exploitation and other environmental fees in compliance with the law.

• Amounts of compensation for environmental damages by the organizations and individuals paid to State budget in accordance with the law.

• Penalty for administrative breach within the area of environmental protection in accordance compliance with the law.

• CERs sale charges (CERs are the abbreviated names of Certified greenhouse Emission Reduction certificates, 1 CERs is specified as 1 ton of CO2 respectively)

• The funds, supports, contributions and investment entrustments of the organizations and individuals at home and abroad.

• Other additional sources of capital in compliance with the law.

• Receiving annual additional sources of capital is implemented under instructions of the Ministry of Finance.